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W1 CW: Traditional vs Command

Authored by Econ Team

Social Studies

10th Grade

Used 2+ times

W1 CW: Traditional vs Command
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12 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A Traditional Economy is characterized by which of the following?

Reliance on customs and traditions

Centralized decision-making

High level of industrialization

Use of advanced technology

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A Command Economy is:

An economic system where the factors of production are regulated by the government rather than consumers and producers

An economic system where price is determined by business owners

An economic system with no government intervention.

An economic system based on barter trade.

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

In which type of economy does the government have significant control over resources?

Traditional

Command

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What are decisions in a Traditional Economic System based on?

Technology and innovation

Customs and beliefs

Market demand

Government policies

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

In a Traditional Economic System, the goals of the society are ________ and what’s best for the group.

survival

wealth accumulation

technological advancement

individual success

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

In a traditional economy, methods of production are the same as they have always been. (True/False)

True

False

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

In a traditional economy, distribution is based on ______.

customs/traditions

government policies

market demand

technological advancements

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